How Does Bad Bookkeeping Hurt Your Business Results?

Most small business owners don’t realize how many problems their in-house bookkeeping is causing.

Bookkeeping is critical for any business.

In most small businesses, though, bad bookkeeping hurts business results in two ways.

First, bookkeeping hassles eat up big chunks of the owner’s valuable time, seriously hurting productivity. Lacking time, the owner never gets around to working on strategy, analysis, and systems.

Second, the bookkeeping system fails to provide the accurate, timely financial data needed to make good business decisions. The owner makes decisions by seat-of-the-pants assumptions and the assumptions are often wrong.

The typical business owner is like a pilot in a snowstorm without an instrumental panel. He doesn’t know where he’s at or where he’s going.

In this video, I talk about the problems and the solutions.